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SILICON VILLAGE

Tuesday, October 3, 2017

Greaves Cotton has announced a strategic partnership with US & Bengaluru
based start-up – Altigreen Propulsion Labs. The partnership aims to
provide a range of clean energy powertrain solutions for the 3-wheeler and
micro 4-wheeler commercial vehicles. This alliance will be kick-started with
the launch of a unique offering of Altigreen’s HyPixi – a low cost partial
electrification solution for retro-fitment on current fossil-fuel based
vehicles. The solution will help deliver significantly improved fuel efficiency
and reduced emissions, hence providing un-matched total cost of ownership to
the last mile transportation segment.

Greaves Cotton Limited’s
Automotive Engines Division has been successfully providing powertrain
solutions to customers in the last mile transportation segment in India. They
have built strong credibility in this segment with their fuel-efficient engines
and class leading cost of ownership. These reliable engines have been sold
through a strong base of 35+ OEM customers across India in the 3-wheeler &
micro 4-wheeler space, exceeding 5 million Greaves-powered vehicles on the
roads today.This huge park of passenger & cargo vehicles can be offered this partial electrification solution through
Greaves’ vast 3500+ aftermarket network in India.

Talking about the
partnership Nagesh Basavanhalli, MD and CEO, Greaves Cotton Limited,
– “We are excited to sign this strategic partnership with Altigreen
Propulsions Labs. This partnership allows us to address the core issue of
reduction in carbon load in the atmosphere, along with providing a cost
effective greener solution to our customers. Greaves is committed to providing
fuel-agnostic solutions and this strategic partnership is a manifestation in
the same direction.”

Speaking on the
occasion, Dr Amitabh Saran, CEO, Altigreen Propulsion Labs, said “Altigreen
is proud to partner with Greaves Cotton Limited, a company with a long track
record of providing reliable powertrains for small vehicles. Our advanced 48-volt electric-assist technology generates a positive triple bottom-line impact – on
people, planet and profits – throughout the value chain. This partnership leverages
Greaves’ unmatched aftermarket network enabling more people to benefit sooner
from the use of Altigreen’s products and technology.”

The retro fitment solution
gives up to 25% improvement in mileage, dramatic reduction in harmful tailpipe
emissions, especially in densely populated cities and reduces wear-and-tear so
there is less engine maintenance. The electric-assist system meets government
notified standards and has been thoroughly tested and certified under Central
Motor Vehicle Rules (CMVR) & is ready for fitment in India. The ARAI
approved electric-assist HyPixi system, which is protected by US and global
patents, gives Greaves an opportunity to expand the use of electric propulsion
technology on existing and future vehicle population. Through this move,
Greaves, a fuel agnostic powertrain solutions provider, re-affirms its
commitment to remain a consumer centric solutions provider in the last mile
transportation space with focus, investment on technology and continued
interest in the clean energy space.